MRAEX: Meridian Enhanced Equity A

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Find the latest content and information here about the 2019 Charles Schwab Impact Conference.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

MRAEX Meridian Enhanced Equity A


Profile

MRAEX - Profile

Vitals

  • YTD Return 4.2%
  • 3 Yr Annualized Return 4.5%
  • 5 Yr Annualized Return 3.4%
  • Net Assets $62 M
  • Holdings in Top 10 53.3%

52 WEEK LOW AND HIGH

$14.98
$14.27
$20.19

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.00%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 47.00%

TRADING FEES

  • Max Redemption Fee 2.00%

Min Investment

  • Standard (Taxable) $2,500
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 4.2%
  • 3 Yr Annualized Total Return 4.9%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.27%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Meridian Enhanced Equity Fund®
  • Fund Family Name
    Meridian
  • Inception Date
    Nov 15, 2013
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Clay Freeman

Fund Description

The fund will invest at least 80% of its net assets in long or short positions in equity securities. Equity securities include, but are not limited to, common and preferred stocks as well as convertible securities, such as options, in domestic and foreign companies. It may invest up to 25% of its total assets, calculated at the time of purchase, in securities of foreign companies, including emerging market companies.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

MRAEX - Performance

Return Ranking - Trailing

Period MRAEX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -79.9% 22.3% 89.68%
1 Yr -5.5% -80.4% 49.4% 97.38%
3 Yr 4.5%* -45.4% 28.8% 71.28%
5 Yr 3.4%* -36.6% 16.2% 60.00%
10 Yr 4.8%* -17.5% 16.9% 77.76%

* Annualized

Return Ranking - Calendar

Period MRAEX Return Category Return Low Category Return High Rank in Category (%)
2019 2.4% -67.9% 49.9% 96.66%
2018 -11.5% -65.5% 13.4% 43.71%
2017 26.0% -46.3% 37.5% 12.32%
2016 10.2% -43.3% 15.3% 2.45%
2015 -5.4% -38.0% 11.4% 61.78%

Total Return Ranking - Trailing

Period MRAEX Return Category Return Low Category Return High Rank in Category (%)
YTD 4.2% -79.9% 22.3% 89.68%
1 Yr -5.5% -80.4% 49.4% 97.38%
3 Yr 4.9%* -45.4% 36.2% 83.92%
5 Yr 4.6%* -36.6% 18.2% 77.27%
10 Yr 7.3%* -17.5% 18.0% 82.46%

* Annualized

Total Return Ranking - Calendar

Period MRAEX Return Category Return Low Category Return High Rank in Category (%)
2019 2.4% -67.9% 49.9% 96.66%
2018 -11.5% -65.5% 16.5% 63.71%
2017 27.4% -28.2% 51.5% 41.63%
2016 10.7% -43.3% 17.1% 3.81%
2015 -1.4% -38.0% 17.3% 67.55%

NAV & Total Return History


Holdings

MRAEX - Holdings

Concentration Analysis

MRAEX Category Low Category High MRAEX % Rank
Net Assets 62 M 1.19 M 201 B 88.95%
Number of Holdings 77 1 2065 39.51%
Net Assets in Top 10 33.8 M 442 K 63 B 85.74%
Weighting of Top 10 53.25% 11.0% 100.0% 6.95%

Top 10 Holdings

  1. Snap Inc Class A 7.72%
  2. LogMeIn Inc 6.64%
  3. Citigroup Inc 6.29%
  4. Activision Blizzard Inc 6.27%
  5. Pinterest Inc 5.87%
  6. Bank OZK 4.80%
  7. Liberty Global PLC Class A 4.30%
  8. World Wrestling Entertainment Inc Class A 3.93%
  9. Microsoft Corp 3.77%
  10. Chewy Inc 3.65%

Asset Allocation

Weighting Return Low Return High MRAEX % Rank
Stocks
98.08% 83.84% 105.55% 65.72%
Cash
1.92% -5.55% 16.16% 29.72%
Preferred Stocks
0.00% 0.00% 2.51% 96.86%
Other
0.00% -0.90% 8.03% 95.07%
Convertible Bonds
0.00% 0.00% 0.01% 96.34%
Bonds
0.00% -0.51% 3.92% 96.27%

Stock Sector Breakdown

Weighting Return Low Return High MRAEX % Rank
Communication Services
32.90% 0.00% 32.90% 0.30%
Financial Services
19.93% 0.00% 38.34% 8.29%
Technology
16.58% 8.07% 54.94% 93.50%
Consumer Cyclical
11.11% 0.00% 52.42% 77.37%
Industrials
6.02% 0.00% 24.88% 79.09%
Healthcare
3.91% 0.00% 52.29% 99.40%
Real Estate
3.53% 0.00% 12.72% 21.73%
Consumer Defense
1.70% 0.00% 18.71% 80.96%
Utilities
1.64% 0.00% 9.99% 14.49%
Basic Materials
1.61% 0.00% 10.79% 52.73%
Energy
1.07% 0.00% 6.63% 31.96%

Stock Geographic Breakdown

Weighting Return Low Return High MRAEX % Rank
US
94.23% 78.13% 100.51% 45.71%
Non US
3.85% 0.00% 17.94% 52.28%

Expenses

MRAEX - Expenses

Operational Fees

MRAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.00% 0.01% 5.67% 10.76%
Management Fee 0.85% 0.00% 1.40% 91.49%
12b-1 Fee 0.25% 0.00% 1.00% 57.14%
Administrative Fee N/A 0.01% 1.02% N/A

Sales Fees

MRAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.75% 0.50% 8.50% 50.25%
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

MRAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 2.00% 0.50% 2.00% 50.77%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

MRAEX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 0.00% 807.00% 58.46%

Distributions

MRAEX - Distributions

Dividend Yield Analysis

MRAEX Category Low Category High MRAEX % Rank
Dividend Yield 0.00% 0.00% 46.23% 96.64%

Dividend Distribution Analysis

MRAEX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

MRAEX Category Low Category High MRAEX % Rank
Net Income Ratio -1.27% -2.06% 2.43% 98.09%

Capital Gain Distribution Analysis

MRAEX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

MRAEX - Fund Manager Analysis

Managers

Clay Freeman


Start Date

Tenure

Tenure Rank

Sep 03, 2019

0.41

0.4%

Employed by the ArrowMark Colorado Holdings, LLC as an investment research analyst since 2008. Mr. Freeman focused on larger capitalization stocks within the communications industry as an equity research analyst at Janus Capital Management LLC from 2004 - 2007. He graduated Phi Beta Kappa from the University of Colorado and also earned an MBA with a Finance concentration from the Daniels College of Business at Denver University.”

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 52.12 8.13 0.75